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Turkey & South Korea’s Altay Tank Project

March 1/16: The Turkish government has granted land to defense firm BMC to relocate and build a new plant . The 222-hectare site will see $430 million invested by the company into the expansion with the plant believed to be operational within two years. BMC is currently bidding for the serial production of the indigenous Altay battle tank, which has been developed by rival company Otokar. While the bidding process has yet to begin, the winners would see a contract to produce up to 1,000 Altays after an initial run of 250 for the Turkish Army.